Modifies the major economic growth attraction program to allow tax credits for businesses in rural counties.

This bill modifies the major economic growth attraction program by allowing tax credits for businesses in rural counties. A rural county is defined as a county with a population of 50,000 persons or less. The bill allows the authority to authorize a tax credit for a business in a rural county that is up to 10 percent of the business's qualifying investment. The tax credit shall be remitted to the business equally over a 10-year period.

Modifies the major economic growth attraction program to allow tax credits for businesses in rural counties.

This bill modifies the major economic growth attraction program by allowing tax credits for businesses in rural counties. A rural county is defined as a county with a population of 50,000 persons or less. The bill allows the authority to authorize a tax credit for a business in a rural county that is up to 10 percent of the business's qualifying investment. The tax credit shall be remitted to the business equally over a 10-year period.